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Basic and Diluted Net Income Per Share (Tables)
9 Months Ended
Sep. 27, 2024
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 27, 2024

 

 

September 29, 2023

 

 

September 27, 2024

 

 

September 29, 2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

9,980

 

 

$

4,817

 

 

$

14,020

 

 

$

13,591

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

49,199

 

 

 

48,625

 

 

 

49,078

 

 

 

48,438

 

Less: Unvested restricted stock

 

 

 

 

 

(12

)

 

 

 

 

 

(12

)

Denominator for basic calculation

 

 

49,199

 

 

 

48,613

 

 

 

49,078

 

 

 

48,426

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

339

 

 

 

679

 

 

 

384

 

 

 

933

 

Unvested restricted stock

 

 

1

 

 

 

 

 

 

4

 

 

 

3

 

RSUs

 

 

83

 

 

 

17

 

 

 

84

 

 

 

67

 

PSUs

 

 

109

 

 

 

61

 

 

 

64

 

 

 

65

 

Denominator for diluted calculation

 

 

49,731

 

 

 

49,370

 

 

 

49,614

 

 

 

49,494

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.20

 

 

$

0.10

 

 

$

0.29

 

 

$

0.28

 

Diluted

 

$

0.20

 

 

$

0.10

 

 

$

0.28

 

 

$

0.27

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 27, 2024

 

 

September 29, 2023

 

 

September 27, 2024

 

 

September 29, 2023

 

Stock options

 

 

3,484

 

 

 

2,453

 

 

 

3,350

 

 

 

1,853

 

Restricted stock, RSUs and PSUs

 

 

204

 

 

 

341

 

 

 

64

 

 

 

26

 

Total

 

 

3,688

 

 

 

2,794

 

 

 

3,414

 

 

 

1,879